Drum Point, MD Profile: Facts & Data

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Drum Point, Maryland - Basic Facts

The Drum Point Census Designated Place had a population of 2,842 as of July 1, 2020.

The primary coordinate point for Drum Point is located at latitude 38.3268 and longitude -76.4261 in Calvert County. The formal boundaries for the Drum Point Census Designated Place encompass a land area of 1.66 sq. miles and a water area of 0.17 sq. miles. Calvert County is in the Eastern time zone (GMT -5). The elevation is 43 feet.

The Drum Point Census Designated Place (GNIS ID: 2629794) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Drum Point Census Designated Place is located within District 1, Solomons Island, a minor civil division (MCD) of Calvert County.


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Drum Point, MD Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 2,842 (100%)
Population in Households 2,842 (100.0%)
Population in Families 2,404 (84.6%)
Population in Group Quarters1 0
Population Density 1,707
Diversity Index2 35
 
 

INCOME

Median Household Income $96,717
Average Household Income $127,973
% of Income for Mortgage4 12%
Per Capita Income $47,661
Wealth Index5 184
 

HOUSING

Total HU (Housing Units) 1,260 (100%)
Owner Occupied HU 951 (75.5%)
Renter Occupied HU 125 ( 9.9%)
Vacant Housing Units 184 (14.6%)
Median Home Value $283,565
Average Home Value $385,421
Housing Affordability Index3 207
 

HOUSEHOLDS

Total Households 1,076
Average Household Size 2.64
Family Households 794
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.39% 0.32%
Households 0.38% 0.33%
Families 0.39% 0.28%
Median Household Income   1.4%
Per Capita Income   1.03%
Owner Occupied HU   0.4%

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Drum Point, MD - Peer Comparisons by Rank and Percentile

The table below compares Drum Point to the other 518 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 242 53rd
Population Density # 218 58th
Median Household Income # 164 69th
Housing Affordability Index # 470 91st
Per Capita Income # 138 74th
Diversity Index # 285 45th

Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.

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